FORM 9. NOTICE OF PROPOSED ISSUANCE OF LISTED SECURITIES (or securities convertible or exchangeable into listed securities 1 )

Transcription

1 FORM 9 NOTICE OF PROPOSED ISSUANCE OF (or securities convertible or exchangeable into listed securities 1 ) Please complete the following: Name of Listed Issuer: APAC Resources Inc. (the Issuer ). Trading Symbol: APG. Date: January 5, Is this an updating or amending Notice: Yes No If yes provide date(s) of prior Notices: 11, Issued and Outstanding of Issuer Prior to Issuance: 20,382,000 Date of News Release Announcing Private Placement: August 8, Closing Market Price on Day Preceding the Issuance of the News Release: $ Private Placement (if shares are being issued in connection with an acquisition (either as consideration or to raise funds for a cash acquisition), proceed to Part 2 of this form) Full Name & Residential Address of Placee Number of Purchased or Purchased(1) Purchase price per Security Price (if Applicable) No. of, Directed Date(2) relationship to Issuer (3) Thomas Scott Aberg 1888 Bay Shore Road SW, Calgary, AB, T2V 3M1 30,000 Units 472,888 (post-consolidated) R. Stuart Angus 6581 Hwy. 101, Sechelt, BC, V6N 3A8 400,000 Units 175,000 Peter Barnes 579 E. Windsor Road, North, V7N 1K4 235,000 Units 488,375 19, 2017 Cato Holding Co S. Alston Avenue, Durham, NC, USA, ,263,208 Units B.C. Instrument January 4, 2018 Page 1

2 Full Name & Residential Address of Placee Number of Purchased or Purchased(1) Purchase price per Security Price (if Applicable) No. of, Directed Date(2) relationship to Issuer (3) Green Core Consulting Ltd Strathcona Road, North, V7G 1G3 Qi Guo 45 Albert Avenue, Etobicoke, ON, M8V 2L6 Wayne Hrabok Box 26, Site 7, RR2, Didsbury, AB, T0M 0W0 Christiaan ter Keurs # Arthur Drive, Ladner, BC, V4K 2X1 Robert S. Komenda 115 Silvercreek Green NW, Calgary, AB, T3B 4H2 Robert Mintak 1147 Ridgewood Drive, North, V7R 1J2 Ronald Prins 3078 Spencer Place, West, V7V 3C9 Dan Rogness 1051 Parana Dr., Port Coquitlam, BC, V3B 8A8 John Robertshaw 2960 Altamont Cres., West, V7V 3C1 Ryan Walsh 27 yavnel, Tel Aviv, Israel Oliver Finlay West 1st Avenue, V6K 1E8 Bruce Aunger Best St, Ste 17 Maple Ridge, BC V2X 7C7 50,000 Units 30,000 Units 200,000 Units 30,000 Units 50,000 Units 80,000 Units 126,532 Units 40,000 Units NI [Family, friends and business associates] NI [Family, friends and business associates] B.C. Instrument ,000 January 3, , , , ,125 79, ,000 Units 406,500 18, , 2017 Page 2

3 Full Name & Residential Address of Placee Number of Purchased or Purchased(1) Purchase price per Security Price (if Applicable) No. of, Directed Date(2) relationship to Issuer (3) Rick Featherstone Street Delta, BC V4L 1L5 William Radvak 2016 Fullerton Ave, 404 North V7P 3E6 W. Robert Vance 5398 Sayward Hill Cres. Victoria, BC V8Y 3H8 Brian Richards 590 Barnham Pl West V7S 1T7 Neon Rainbow Holdings Ltd A Ave Langley, BC V3A 8K4 Robert Bruno 6733 Yeovil Pl Burnaby, BC V5B 2W1 Paul Savage 5502 Main St Osoyoos, BC V0H 1V6 Criterion Capital Corporation 2489 Bellevue Ave West V7V 1E1 Richard Lemmon 6508 Ptarmigan Way Nanaimo, BC V9V 1R1 Wade Pugh 5272 Clipper Pl Delta, BC V4K 4Z6 Dave Blore 4769 Woodgreen Dr West V7S 2Z9 10,000 Units 10,000 Units 50,000 Units 25,000 Units 10,000 Units 5,000 37,500 50,000 25,000 62,500 Page 3

4 Full Name & Residential Address of Placee Number of Purchased or Purchased(1) Purchase price per Security Price (if Applicable) No. of, Directed Date(2) relationship to Issuer (3) Rodney A Shier 1334 Wellington Drive North V7K 1L5 R. Scott Savage 2121 Orchard Dr Abbotsford, BC V3G 2B8 Christopher MacPherson 402 5th St E North V7L 1M2 Jason Chen 2386 Cornwall Ave, #201 V6K 1B7 Jeffrey B Lightfoot 7471 Bassett Pl Richmond, BC V7C 4A8 Allan Fabbro th Ave W V6M 1L8 Chris Block 1404 Hamilton Street New Westminster, BC V3M 2N6 Juniper Currie th Ave W, 301 V5Z 1P4 Brent Todd 3315 Cypress Pl, 1003 West V7S 3J7 Johnny Markovina 2628 Yew Street, 201 V6K 4T4 Carole Franco th Ave E V5M 1W2 20,000 Units 10,000 Units 30,000 Units 10,000 Units 40,000 Units 100,000 Units 41,250 37,500 19,500 2,750 25,000 Page 4

5 Full Name & Residential Address of Placee Number of Purchased or Purchased(1) Purchase price per Security Price (if Applicable) No. of, Directed Date(2) relationship to Issuer (3) Bryan K Melhus 1839 Harbour Drive Coquitlam, BC V3J 5W4 R &/ OR B Macpherson 4419 Patterdale Drive North V7R 4L6 Nelson Borch Peak Residence Renais Tower, Unit 29C, Jalan Setiabudi Raya 9, Jakarta, Indonesia Bill Anglin 5152 Dennison Drive, Delta, BC, V4M 1R8 10,000 Units 100,000 Units B.C. Instrument ,500 50,000 Jill Anglin 5152 Dennison Drive, Delta, BC, V4M 1R8 400,000 Units (1) The securities will be issued following the Issuer s change of name to XORTX Therapeutics Inc. and consolidation its issued and outstanding common shares on the basis of four (4) shares for every one (1) new post-consolidated share. (2) Indicate date each placee advanced or is expected to advance payment for securities. Provide details of expected payment date, conditions to release of funds etc. Indicate if the placement funds been placed in trust pending receipt of all necessary approvals. (3) Indicate if Related Person. 1 An issuance of non-convertible debt does not have reported unless it is a significant transaction as defined in Policy 7, in which case it is reported on Form 10. Page 5

6 1. Total amount of funds raised: $1,957, Provide full details of the use of the proceeds. The disclosure should be sufficiently complete to enable a reader to appreciate the significance of the transaction without reference to any other material. Focus on completing regulatory, support operations, research and development projects and general working capital. 3. Provide particulars of any proceeds which are paid to Related Persons of the Issuer: Not applicable. 4. If securities are issued in forgiveness of indebtedness, provide details and attach the debt agreement(s) or other documentation evidencing the debt and the agreement to exchange the debt for securities. 5. Description of securities issued: (a) Class common shares without par value. (b) Number 3,914,740 (post-consolidated shares). (c) Price per security $0.50. (d) Voting rights One vote per share 6. Provide the following information if Warrants, (options) or other convertible securities are issued: (a) Number 3,914,740 (post-consolidated). (b) Number of securities eligible purchased on exercise of Warrants (or options) 3,914,740 (post-consolidated shares). (c) Exercise price $0.80. (d) Expiry date two (2) years from closing date. 7. Provide the following information if debt securities are issued: (a) Aggregate principal amount. (b) Maturity date. (c) Interest rate. (d) terms. Page 6

7 (e) Default provisions. 8. Provide the following information for any agent s fee, commission, bonus or finder s fee, or other compensation paid or paid in connection with the placement (including warrants, options, etc.): (a) Details of any dealer, agent, broker or other person receiving compensation in connection with the placement (name, address. If a corporation, identify persons owning or exercising voting control over 20% or more of the voting shares if known to the Issuer): Leede Jones Gable Inc., West Pender Street, Vancouver, B.C., V6E 4G1 Canaccord Genuity Corp. # Granville Street, Vancouver, B.C., V7Y 1H2 (b) Cash: Leede Jones Gable Inc. - $20,000 Canaccord Genuity Corp. - $25,000 (c) Leede Jones Gable Inc. 40,000 warrants Canaccord Genuity Corp. 50,000 warrants (d) Other. (e) Expiry date of any options, warrants etc. two (2) years from closing date. (f) Exercise price of any options, warrants etc. $ State whether the sales agent, broker, dealer or other person receiving compensation in connection with the placement is Related Person or has any other relationship with the Issuer and provide details of the relationship None. 10. any unusual particulars of the transaction (i.e. tax flow through shares, etc.). The terms of the warrant will provide that in the event that the Issuer s shares trade on the Canadian Exchange at a closing price of greater than $1.20 per share for a period of 10 consecutive trading days at any time after four months and one day after the closing date of the financing, the Issuer may accelerate the expiry date of the warrants by giving notice to the holders thereof by way of a news release and, in such case, the warrants will expire on the 30th day after the date of dissemination of such news release. Page 7

8 11. State whether the private placement will result in a change of control. No change of control. 12. Where there is a change in the control of the Issuer resulting from the issuance of the private placement shares, indicate the names of the new controlling shareholders. 13. Each purchaser has been advised of the applicable securities legislation restricted or seasoning period. All certificates for securities issued which are subject to a hold period bear the appropriate legend restricting their transfer until the expiry of the applicable hold period required by National Instrument Acquisition 1. Provide details of the assets acquired by the Issuer (including the location of the assets, if applicable). The disclosure should be sufficiently complete to enable a reader to appreciate the significance of the transaction without reference to any other material:. 2. Provide details of the acquisition including the date, parties to and type of agreement (eg: sale, option, license etc.) and relationship to the Issuer. The disclosure should be sufficiently complete to enable a reader to appreciate the significance of the acquisition without reference to any other material: 3. Provide the following information in relation to the total consideration for the acquisition (including details of all cash, securities or other consideration) and any required work commitments: (a) Total aggregate consideration in Canadian dollars:. (b) Cash:. (c) (including options, warrants etc.) and dollar value:. (d) Other:. (e) Expiry date of options, warrants, etc. if any:. (f) Exercise price of options, warrants, etc. if any:. (g) Work commitments:. Page 8

9 4. State how the purchase or sale price was determined (e.g. arm s-length negotiation, independent committee of the Board, third party valuation etc). 5. Provide details of any appraisal or valuation of the subject of the acquisition known to management of the Issuer: 6. The names of parties receiving securities of the Issuer pursuant to the acquisition and the number of securities issued are described as follows:. Name of Party (If not an individual, name all insiders of the Party) Number and Type of Issued Dollar value per Security price (if applicable) No. of, Directed by Party relationship to Issuer (1) (1) Indicate if Related Person 7. Details of the steps taken by the Issuer to ensure that the vendor has good title to the assets being acquired: 8. Provide the following information for any agent s fee, commission, bonus or finder s fee, or other compensation paid or paid in connection with the acquisition (including warrants, options, etc.): (a) Details of any dealer, agent, broker or other person receiving compensation in connection with the acquisition (name, address. If a corporation, identify persons owning or exercising voting control over 20% or more of the voting shares if known to the Issuer):. (b) Cash. (c). (d) Other. (e) Expiry date of any options, warrants etc. (f) Exercise price of any options, warrants etc.. 9. State whether the sales agent, broker or other person receiving compensation in connection with the acquisition is a Related Person or has any other relationship with the Issuer and provide details of the relationship. 10. If applicable, indicate whether the acquisition is the acquisition of an interest in property contiguous to or otherwise related to any other asset acquired in the last 12 months.. Page 9

10 Certificate Of Compliance The undersigned hereby certifies that: 1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance on behalf of the Issuer. 2. As of the date hereof there is not material information concerning the Issuer which has not been publicly disclosed. 3. The undersigned hereby certifies to the Exchange that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument ) and all Exchange Requirements (as defined in CSE Policy 1). 4. All of the information in this Form 9 Notice of Issuance of is true. Dated January 5, Robert Coltura Name of Director or Senior Officer s/ Robert Coltura Signature President, Chief Executive Officer and Director Official Capacity Page 10